The supply curve for product X is given by QXS = -520 + 20PX . a. Find the inverse supply curve. P = __ + __ Q b. How much surplus do producers receive when Qx = 400? When Qx = 1,200? When QX = 400: $ When QX = 1,200: $
The supply curve for product X is given by QXS = -520 + 20PX . a. Find the inverse supply curve. P = __ + __ Q b. How much surplus do producers receive when Qx = 400? When Qx = 1,200? When QX = 400: $ When QX = 1,200: $